AcornWealthCorp
Long

LJPC - Speculative Flag play from $34.13 to $41.89

NASDAQ:LJPC   LA JOLLA PHARMACEUTICAL CO
LJPC had a huge jump & now seems forming a flag formation . The flag break did not occur yet, however in hourly frame we can see that it got nice base of support in the moving averages and seems getting ready for breakout. So we would like to take a speculative entry around $34 & our target would just below $42

* Trade Criteria *
Date First Found- February 28, 2017
Pattern/Why- Flag play
Entry Target Criteria- Break of $34.13 (Hit March 1, 2017)
Exit Target Criteria- $41.89
Stop Loss Criteria- $32.33

Please check back for Trade updates. (Note: Trade update is little delayed here.)
Trade closed: stop reached: Unfortunately stopped out.
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